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Monopolistic Competition and The Diffusion of New Technology
Oleh:
Gotz, Georg
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 30 no. 4 (1999)
,
page 679-693.
Topik:
monopolistic
;
monopolisitic competition
;
diffusion
;
new technology
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.7
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This article analyzes the adoption and diffusion of new technology in a market for a differentiated product with monopolistic competition. I show that in a noncooperative equilibrium ex ante identical firms adopt a new technology at different dates. This equilibrium can be described by a simple distribution function. For nonidentical firms, I state the conditions under which a positive relationship between firm size and speed of adoption exists. The model integrates rank and stock effects. I demonstrate that increased competition often promotes diffusion.
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